In today’s world your credit rating (score) is more then a tool for buying items on credit. Your credit can be viewed by potential employers as well as current employers. Hard to believe that you might not get that dream job or lose a job because of negative credit information reported but it is becoming a reality in today’s world. The fact is most people have some type of incorrect information on their credit at this every moment.
Being in debt is just a fact of life for many people. Statistics show that over 40% of American families spend more money that they earn and the average American household has nearly $10,000 in credit card debt.
For a three-digit number, your credit score packs a big wallop. A low score can thrust you into the financial abyss of the sub-prime market, costing you thousands of dollars in added interest over the life of a car loan or mortgage. Consumers who have a very low score or no score at all may not get credit on any terms.
A quick glance at this single bit of information gives creditors all they feel they need to make judgments about whether you will repay a car loan, mortgage or credit card debt. Your score is a snapshot of your credit report, giving creditors instant clues about how you pay your bills, how you’ve handled credit over the years and even whether financial troubles have led you into the courts.
Marsh Robert Group credit tips
This programs evaluates 1, 2 or all 3 bureaus database information and creates a detailed report (blueprint), including suggestions on how it can be improved. The Marsh Robert analyzer looks at the positive and negative factors influencing your credit score. the report suggests ways how to maximize and improve both the score and over all financial standing
Just a few helpful hints: |Helpful Hints|
Golden Rule! When ever possible pay the full amount on your statement monthly. Not doing so is the start to big problems.
Know your Credit Card Limit! A Credit Card has a set limit of the amount you can barrow. If you go over that limit you can be penalized with a much higher borrowing rate. Your Credit Card Statement will clearly show your credit limit. Take the the time to know your limit and never cross over it!
30% Rule Stay below 30% of your credit card limit. Example would be if you have a credit limit of $1000 dollars your 30% rules is $300 dollars use over $300 dollars it could cost you 7-12 credit score points on your credit report. If you need to access more funds on the credit call your credit card company and request the credit limit be increased or use another card.
Use your Credit? Grow your credit by up-dating our credit card trade-line history by simply putting a small amount on the card a least every 90 days. This will keep that cards trade-line active in the system.
Run your Credit 100% FREE TODAY
A true way to review your credit report with all 3 bureaus for FREE, ANNUAL CREDIT REPORT www.annualcreditreport.com sponsored by Equifax, Experian, TransUnion.
Equifax: (800) 685-1111, > www.equifax.com
Experian (formerly TRW): (888) 397-3742, > www.experian.com
TransUnion: (800) 888-4213, > www.transunion.com
Still need help with credit issues? call or email as I am glad to help!
Richard Van Dyke
MRG Better Credit
888 266 9084 ex. 101
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